Abercrombie & Fitch Reports December Net Sales Increase 41%;
January 05 2006 - 8:00AM
PR Newswire (US)
Comparable Store Sales Increase 29%; NEW ALBANY, Ohio, Jan. 5
/PRNewswire-FirstCall/ -- Abercrombie & Fitch Co. (NYSE:ANF)
today reported net sales of $525.9 million for the five-week period
ended December 31, 2005, a 41% increase over last year's December
net sales of $373.2 million. December comparable store sales
increased 29% compared with the five-week period ended January 1,
2005. Year-to-date, the Company reported a net sales increase of
37% to $2.600 billion from $1.895 billion last year. Comparable
store sales increased 25% for the year-to-date period. December
2005 Highlights - Total Company net sales increased 41% - Total
Company comparable store sales increased 29% - Abercrombie &
Fitch comparable store sales increased 19% - abercrombie comparable
store sales increased 59% - Hollister Co. comparable store sales
increased 36% Earnings Guidance: Based on its year-to-date results,
the Company now expects net income per share on a fully-diluted
basis for fiscal 2005, including the previously reported
non-recurring third quarter charge, to be in the range of $3.58 to
$3.63. Excluding the previously reported non-recurring third
quarter charge, the Company now expects net income per share on a
fully- diluted basis for fiscal 2005 to be in the range of $3.67 to
$3.72. SEC Update: The Company recently was informed that the
Securities and Exchange Commission ("SEC") has issued a formal
order of investigation concerning trading in shares of the
Company's Class A Common Stock, the same subject matter as the
SEC's informal inquiry that the Company previously disclosed. The
SEC has requested additional information from the Company and
certain of its current and former officers and directors. The
Company and its personnel are cooperating fully with the SEC. The
Company operated 358 Abercrombie & Fitch stores, 165
abercrombie stores, 309 Hollister Co. stores and 8 RUEHL stores at
the end of fiscal December. The Company operates e-commerce
websites at http://www.abercrombie.com/,
http://www.abercrombiekids.com/, and http://www.hollisterco.com/.
To hear Abercrombie & Fitch's pre-recorded December sales
message, please dial (800) 395-0662, or internationally, dial (402)
220-1262. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 A&F cautions that any
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) contained in this Press
Release or made by management of A&F involve risks and
uncertainties and are subject to change based on various important
factors, many of which may be beyond the Company's control. Words
such as "estimate," "project," "plan," "believe," "expect,"
"anticipate," "intend," and similar expressions may identify
forward-looking statements. The following factors, in addition to
those included in the disclosure under the heading "FORWARD-LOOKING
STATEMENTS AND RISK FACTORS" in "ITEM 1. BUSINESS" of A&F's
Annual Report on Form 10-K for the fiscal year ended January 29,
2005, in some cases have affected and in the future could affect
the Company's financial performance and could cause actual results
for the 2005 fiscal year and beyond to differ materially from those
expressed or implied in any of the forward-looking statements
included in this Press Release or otherwise made by management:
changes in consumer spending patterns and consumer preferences; the
effects of political and economic events and conditions
domestically and in foreign jurisdictions in which the Company
operates, including, but not limited to, acts of terrorism or war;
the impact of competition and pricing; changes in weather patterns;
postal rate increases and changes; paper and printing costs; market
price of key raw materials; ability to source product from its
global supplier base; political stability; currency and exchange
risks and changes in existing or potential duties, tariffs or
quotas; availability of suitable store locations at appropriate
terms; ability to develop new merchandise; and ability to hire,
train and retain associates, and the outcome of pending litigation.
Future economic and industry trends that could potentially impact
revenue and profitability are difficult to predict. Therefore,
there can be no assurance that the forward-looking statements
included in this Press Release will prove to be accurate. In light
of the significant uncertainties in the forward- looking statements
included herein, the inclusion of such information should not be
regarded as a representation by the Company, or any other person,
that the objectives of the Company will be achieved. The
forward-looking statements herein are based on information
presently available to the management of the Company. Except as may
be required by applicable law, the Company assumes no obligation to
publicly update or revise its forward-looking statements even if
experience or future changes make it clear that any projected
results expressed or implied therein will not be realized.
DATASOURCE: Abercrombie & Fitch CONTACT: Thomas D. Lennox, Vice
President, Corporate Communications of Abercrombie & Fitch,
+1-614-283-6751 Web site: http://www.abercrombie.com/
http://www.abercrombiekids.com/ http://www.hollisterco.com/
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